In the first two months of 2022, the two most important segments of the commercial vehicle market, heavy trucks and light trucks, both continued to weaken, and the overall performance of the commercial vehicle market was therefore difficult to "pick up". How did the commercial vehicle market perform in March? Foton, Dongfeng, FAW and other commercial vehicle powers who can win the march commercial vehicle market monthly list championship?
Take a look at the report of the First Commercial Vehicle Network.
Sales of 369,600 units in March increased by 48% month-on-month, still down year-on-year
The first commercial vehicle network has recently learned that according to the data of the China Automobile Association (the caliber of the number of invoices issued by enterprises, the caliber of non-terminal sales, the same below), in March 2022, the mainland commercial vehicle market sold 369,600 vehicles, down 43% year-on-year, a decline of 26 percentage points from the previous month (-17%), about 180,000 less than last March, less than 60% of the sales volume in the same period last year. Since May 2021, the commercial vehicle market has been declining for 11 consecutive months.
Looking at the trend chart of commercial vehicle sales and growth in March in the past five years, it can be seen that the commercial vehicle market in March in the past five years has come out of a trend of increasing-increasing-decreasing-increasing-decreasing. In terms of figures alone, the sales volume of only 369,600 units in the commercial vehicle market in March this year is the lowest level in the past five years, which is lower than the sales volume in March 2022, which is also the "anti-epidemic" period, and the high point of sales is in 2021, when the sales volume of the commercial vehicle market reached 651,400 units in March of that year.
From the perspective of cumulative sales, from January to March this year, the domestic commercial vehicle market sold 964,700 units, down 32% from 1,413,200 units in the same period last year, a decrease of nearly 450,000 units, and only about 68% of the cumulative sales in the first three months of last year. Compared with previous years, the cumulative sales of less than one million vehicles in the commercial vehicle market in the first three months of this year are only a little better than in 2020, you know, if you don't count 2020, if you don't count 2020, the last time the commercial vehicle market sold less than one million vehicles in the first quarter was already in 2016.
Fukuda topped the list for consecutive Wuling jumped to the top three Jiangling rose to the top five
In March 2022, 11 companies in the commercial vehicle market sold more than 10,000 vehicles, and the number of companies selling 10,000 vehicles per month increased by two compared with February (Note: Shaanxi Automobile, which ranks 11th in monthly sales, also sold more than 10,000 units in March). The top 6 companies sold more than 20,000 units, and Foton Motor topped the monthly sales list of the commercial vehicle market with a performance of more than 60,000 units.
Commercial Vehicle Market Sales Table for March 2022 (Units)
As can be seen from the above table, in March 2022, the commercial vehicle market fell by 43% year-on-year, and the decline rate was significantly expanded compared with the previous month. Compared with the previous two months, there were 3 and 2 companies to achieve growth, the commercial vehicle market in March can be described as "completely destroyed", the sales volume of the top ten companies all declined, 9 fell to double digits, of which 3 companies fell more than the overall decline in the commercial vehicle market, the most serious decline in March sales fell by 75% year-on-year, but there are also Foton Motors, SAIC-GM-Wuling, Chongqing Changan, Jiangling Motors, Great Wall Motors, SAIC Maxus and other enterprises fell lower than the overall decline in the market, outperforming the market" Large Market".
From the perspective of market share, the total share of the top ten companies in March reached 80.26%, and the total share of the top five companies reached 54.89%. In March, only two companies continued to share more than 10% of the commercial vehicle market, and Foton and Dongfeng shared the 16.37% and 12.80% share of the commercial vehicle market in March, respectively.
In March, the gap between neighboring enterprises in the commercial vehicle market has not been widened, the gap between SAIC-GM-Wuling and Chongqing Changan, ranked 3rd and 4th, is less than 0.5%, the gap between Jiangling and Sinotruk ranked 5th and 6th is only 0.69%, the gap between Jianghuai and Great Wall ranked 7th and 8th, and the gap between Great Wall and FAW in 8th and 9th places is only 0.12% and 0.11%, and the gap between FAW and Chase is less than 1%.
Qualifying in the commercial vehicle market was highly competitive in the first three months of 2022, with a lot of changes in the rankings from month to month. In March, only Foton, Dongfeng, Great Wall and SAIC Maxus were ranked in the top ten commercial vehicle sales rankings in line with the Ranking in February, and the seats of other companies changed, among which SAIC-GM-Wuling jumped from the 9th place in the monthly list in February to the top three in the monthly list, and Jiangling Motors rose from the 7th place in the monthly list in February to the 5th place in March.
From the cumulative sales point of view, the cumulative sales of the commercial vehicle market from January to March this year were 964,700 units, a cumulative decrease of 32% year-on-year, and the cumulative decline was further expanded (the cumulative decline in the first 2 months was 22%), specific to the top ten sales companies, 2 increases and 8 declines, Chongqing Changan and SAIC Maxus are the only two companies that are still in the rising range, and commercial vehicle sales in the first three months of this year increased by 17% and 12% respectively. Declining companies have all reached double digit declines, with 3 companies falling faster than the overall decline in the commercial vehicle market, and the decline in the most serious declines has reached 64%.
From the perspective of cumulative share, the total share of the commercial vehicle market of the top ten companies in January to March this year reached 82.03%, 3 companies had a cumulative share of more than 10%, and the cumulative share of Futian, Dongfeng and Changan in January and March this year reached 14.4%, 12.86% and 10.9% respectively.
Compared with the same period last year, the cumulative share of Foton, Wuling, Changan, Jiangling, Jianghuai, Great Wall, Chase and other enterprises in the commercial vehicle market has increased, of which the cumulative share of Chongqing Changan from January to March this year increased by 4.51 percentage points compared with the same period last year, and the cumulative share of SAIC-GM-Wuling and SAIC Maxus also increased by 1.68% and 1.63% respectively.
In March, the commercial vehicle market saw a expected decline and suffered the biggest drop this year. Next, in the case of heavy trucks, light trucks and other important areas can not see signs of recovery, the market prospects of the commercial vehicle market are also bleak; on the other hand, when the market is down, the competition in the commercial vehicle market has not stopped, or even more intense, please pay attention to the follow-up reports of this site.